SHARES in telecoms giant BT, run by Scot Ian Livingston, plunged as much as 7.3% after the company was hit by renewed difficulties at its global services business that deals with large companies although cost-cutting offset the hit to revenues.
SHARES in telecoms giant BT, run by Scot Ian Livingston, plunged as much as 7.3% after the company was hit by renewed difficulties at its global services business that deals with large companies although cost-cutting offset the hit to revenues.
CHALLENGE: BT boss Ian Livingston says the company is fundamentally pleased about performance, despite a plunge in its share price. Picture: Vismedia
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Tim Sharp City Editor
BT has been assailed by economic woes at home and abroad that have cut demand for new information technology systems, and faced extra repair costs on its network due to the wet weather of recent months.
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